Closing Bell Overtime: Markets React to Oil Risks, OpenAI Expands Into Checkout and Investors Size Up the Consumer 3/5/26

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 5 March 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Barbara Doran of BD8 Capital Partners and Charlie Bobrinskoy of Ariel Investments join the markets panel to assess positioning, leadership and where investors should lean next. Earnings from Marvell Technology, Gap and Costco add another layer to the market narrative. Ian Bremmer, Founder of Eurasia Group, examines how tensions involving Iran could reshape global energy flows and geopolitical risk. Katie Stockton of Fairlead Strategies maps out key breakouts and breakdowns across the tape while Corey Tarlowe of Jefferies evaluates the state of the consumer and what upcoming retail results may reveal.

Transcript

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0:00.0	The bell is bringing out to the training day at the NYSE Congressional Medal of Honor Society, ringing the bell.
0:07.0	And at the NASAC, NASAC, Texas, in front of the Alamo, I think, doing the honors there.
0:11.0	Welcome to closing bell overtime.
0:13.0	We're live in studio be at the NASAC market site.
0:15.0	I'm Melissa Lee along with Mike Santoli.
0:17.0	Sox hauling today as crude prices rise down down about 800 points.
0:20.0	The S&B 500 down about 40 points,
0:22.6	and the NASAC down about half a percent.
0:24.6	The Russell, though, the hardest hit off by about 2%.
0:27.6	Some of this year's leaders were the big laggards, industrials, materials and staples,
0:31.6	consumer discretionary meantime, eking out some gains.
0:34.6	Our markets team is all over today's action and earnings. Pippa Stevens
0:38.9	is following the big moves in oil. Rick Santelli watching the bond market and three earnings
0:43.4	reports we're watching. Gap, Costco and Marvell. The options market pricing in a move of about
0:49.0	10% for Marvell's stock. But let's start on today's market moves with Christina Parts in Evelos.
0:54.3	Christina.
0:54.7	You guys talked about it.
0:55.4	Markets under pressure again today. But the NASDAQ did hold up a little bit better than its peers dropping up, propped up, I should say, by big tech and software. Amazon, Microsoft, among the brighter spots, keeping the composite from actually sinking further today. On the software front, you had Oracle, crowd strike,
1:12.3	Salesforce, all's closing higher with that rotation. composite from actually sinking further today. On the software front, you had Oracle, CrowdStrike,
1:12.0	Salesforce all's closing higher, with that rotation, though, coming at the expense of semiconductors.
1:18.2	The spread between software and chips now is at its widest eight-day level on record. Even Broadcom's
1:24.4	bullish a 2027 outlook for AI, not enough to help or lift the chip space.
	...

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